Latest News- Automotive Clutch Release Bearing Market: Passenger cars is expected to lead the Application segment during 2024-2028

The Automotive Clutch Release Bearing Market is being driven by High preference for manual transmission systems in Europe

The Automotive Clutch Release Bearing Market is expected to grow at a CAGR of 2.46% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 94.5 million. The automotive clutch release bearing market is witnessing a significant trend with the increasing adoption of additive manufacturing (AM), also known as 3D printing, for producing clutch release bearings. AM is a cutting-edge technology that utilizes digital model data from 3D models or electronic data sources, such as additive manufacturing files (AMF), to build objects layer by layer. This technique offers numerous advantages, including the ability to create complex geometries and shapes that were previously difficult or impossible to manufacture using traditional methods. The automotive industry is capitalizing on these benefits, using AM for both rapid prototyping and production of clutch release bearings, thereby driving market growth. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger cars
  • Commercial vehicles
• Type
  • Pushing-type clutch release bearing
  • Pull-type clutch release bearing
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High preference for manual transmission systems in Europe
• Continuous improvements in clutch release bearings
• Rise in demand for automatic transmission systems

However, the market also witnesses some limitations, which are as follows:

• High cost of CVT spurs the adoption of automatic transmission vehicles
• Vehicle recalls due to defects in clutch or clutch components
• Fluctuating cost of raw materials

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Market Scope in Automotive Clutch Release Bearing Market Research Report

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Research Analysis Overview

The Automotive Clutch Release Bearing market refers to the demand for clutch release bearings in automatic transmission systems. Failure reasons, such as wear and tear from the clutch disc, pressure plate, and transmission input shaft, can impact market growth. Automobile production and the auto market's health are significant factors. Clutch pedal play and clutch fluid level can also influence the release bearing's performance in manual transmissions, contributing to power transmission efficiency.

Market Research Overview

The Automotive Clutch Release Bearing market is a segment of the larger Automotive Parts and Equipment Market, which encompasses businesses producing components and accessories for various automobile types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market growth is fueled by the rising demand for electronic components in automobiles, such as electronic control units (ECUs), due to the increasing sales of EVs, motorcycles, and PCs. This trend is expected to significantly expand the global automotive components and equipment market size, as calculated by Technavio based on the consolidated revenue of manufacturers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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